Sponsored Links
Hyundai Motor to sell Hyundai Mobis stake -report
SEOUL |
SEOUL Nov 18 (Reuters) - Hyundai Motor Co (005380.KS) is planning to sell off its stake in affiliate Hyundai Mobis Co (012330.KS) in block trade to comply with anti-trust rules, online media provider eDaily reported on Wednesday.
"In accordance with fair trade regulations prohibiting cross-unit investment, we have drawn up the sale plan," the news agency quoted an unnamed Hyundai Motor official as saying.
"It could be announced today at the earliest."
Hyundai Motor officials could not immediately be reached for comment.
(Reporting by Kim Yeon-hee; Editing by Jonathan Hopfner)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters